Expenses and accounting Sample Clauses

Expenses and accounting. (a) Reimbursement of costs. The Executive Committee may provide that expenses and costs incurred by an Operating Agent in carrying out its designated functions under this Agreement shall be reimbursed to the Operating Agent from funds made available by the Participants or Task Participants pursuant to Article 6 of this Agreement and subject to any financial rules established by the Executive Committee under Article 6.7.
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Related to Expenses and accounting

  • Records and Accounting The General Partner shall keep or cause to be kept at the principal office of the Partnership appropriate books and records with respect to the Partnership’s business, including all books and records necessary to provide to the Limited Partners any information required to be provided pursuant to Section 3.4(a). Any books and records maintained by or on behalf of the Partnership in the regular course of its business, including the record of the Record Holders and Assignees of Units or other Partnership Securities, books of account and records of Partnership proceedings, may be kept on, or be in the form of, computer disks, hard drives, punch cards, magnetic tape, photographs, micrographics or any other information storage device; provided, that the books and records so maintained are convertible into clearly legible written form within a reasonable period of time. The books of the Partnership shall be maintained, for financial reporting purposes, on an accrual basis in accordance with U.S. GAAP.

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